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Carl Johan von Seth on The virusoffensiven has only just begun

in The global fight against coronapandemin is beginning to look like a war on its own economy. With him smittskyddsåtgärder hit it out of the production, and no

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Carl Johan von Seth on The virusoffensiven has only just begun

in The global fight against coronapandemin is beginning to look like a war on its own economy. With him smittskyddsåtgärder hit it out of the production, and not only to consumption. The borders are closed, the supply of goods dries up, the financial markets are shaking. All of the parts of the economic machinery are subjected to extreme stress. If we want to check for an infection, go to the effects are unlikely to be avoided.

But is the damage done to the counter? It may help the companies to survive the winter? There are steps, which speeds up the recovery of the economy after the pandemic is over?

called the situation ”unique,” as she was on Monday announced a major nödpaket to the Swedish company.

One of the changes was that the government and the samarbetspartierna implement a system of so-called korttidspermittering. Companies that would otherwise have to lay off employees it can allow them to go down in the period of time in a place. The state invests the money, the employees are still getting 90% of his / her salary.

The second key measure is that the companies offered to defer any payments for up to a year. In practice, it is a låneerbjudande, with not very favorable terms. The effective interest rate of 6 to 7 per cent, according to the proposal.

the Treasury department expects to pay up to $ 300 million. These emergency loans is placed on top of the total amount of the Riksbank is made available in the last week. It is about the 500 billion that could be lent out to small-and medium-sized enterprises in Sweden, by the commercial banks.

Along with Denmark and Norway, the Swedish government had acted more quickly and better than in many other countries.

Still, the economic offensive has just begun.

the emergency loans provide a relief that will be to save some company. However, for airline companies, hotels, restaurants and many other activities will be the hard months of waiting for that to be a black hole in its accounts. Pandemiförlusterna can never be fully compensated for. And it is not clear that the companies are able to borrow from the hook.

If the problem was isolated to a few industries, could the american economy is not under threat. The catch is the fact that some sectors of the economy is being crippled by the virus. The hospitality industry has been, although it was the worst of it. However, along with shops and service companies are affected. Industry, too, and to all the businesses that support it.

at least standardreceptet in times of economic downturn, where increases in grants and tax cuts to households tend to be not working at this time. People have money, the problem is that the infection stops them from spending. According to the minister, it is, therefore, no stimulus in the cards.

The theory is not water-resistant. People are suddenly out of money in the account is not there, which usually may trigger a recession. Typically, there are several factors that work together in a psychological, financial, and realekonomiskt interaction.

in Addition, it is not quite true that the household finances are still intact. Many people have less money these days than they were a few months ago. The great value has been lost in the stock market, people's savings are being eroded each and every day. It provides a clear psychological break, which could easily spread to the real estate market. And, in a case in the housing market, giving is almost always a ripple effect.

as of now sjukskriver themselves, or they are forced into the vab reduces the level of income. This also applies to those who korttidspermitteras, even though they have a higher rate of reimbursement. In a short time, more and more people have less money to spend. The money, which is more difficult to use.

in addition, is not to eliminate all of the uncertainty, either as a small business owner or employee. The future feels – and is – at the moment is quite uncertain.

this is A real recession, with its self-reinforcing dynamics, it is therefore a real threat. The next phase of the economic offensive is to head off the danger.

for more information, see the Ewa Stenberg: What's the best for your health is at its worst for the economy.

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